LOOPBACK STUDIOS LIMITED

Company Registration Number:
14048911 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2025

Period of accounts

Start date: 01 May 2024

End date: 30 April 2025

LOOPBACK STUDIOS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2025

Balance sheet
Notes

LOOPBACK STUDIOS LIMITED

Balance sheet

As at 30 April 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 255,143 260,311
Total fixed assets: 255,143 260,311
Current assets
Debtors:   18,102 22,470
Cash at bank and in hand: 14,235 10,709
Total current assets: 32,337 33,179
Creditors: amounts falling due within one year:   (258,251) (272,070)
Net current assets (liabilities): (225,914) (238,891)
Total assets less current liabilities: 29,229 21,420
Provision for liabilities: (3,750) (3,750)
Total net assets (liabilities): 25,479 17,670
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 25,379 17,570
Shareholders funds: 25,479 17,670

The notes form part of these financial statements

LOOPBACK STUDIOS LIMITED

Balance sheet statements

For the year ending 30 April 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 September 2025
and signed on behalf of the board by:

Name: Mr. P. Swan
Status: Director

The notes form part of these financial statements

LOOPBACK STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover constitutes revenue earned from the short-term letting under licence of recording studio space. Income is recognised when it is due as per the terms of the licence.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in the income statement. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 25% straight line Fittings fixtures and equipment - 25% straight line Motor vehicles - 25% straight line Freehold improvements - 2% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Valuation and information policy

Investment property, being property held to earn rentals or for capital appreciation or both, is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment properties are carried at their fair value determined annually and derived from current market rents and investment property yields for comparable real estate. No depreciation is provided for. Such properties are revalued to its fair value at each reporting date and any revaluations changes are recognised in the income statement.

Other accounting policies

Impairment A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

LOOPBACK STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

LOOPBACK STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Tangible Assets

Total
Cost £
At 01 May 2024 271,222
Additions 288
At 30 April 2025 271,510
Depreciation
At 01 May 2024 10,911
Charge for year 5,456
At 30 April 2025 16,367
Net book value
At 30 April 2025 255,143
At 30 April 2024 260,311

LOOPBACK STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Related party transactions

Name of the related party: Mr. P. Swan
Relationship:
Director
Description of the Transaction: During the period the director entered into the following advances and credits with the company in the form of a loan. The director's loan to the company has no fixed repayment date. Interest was charged at 2.54% up to 6th April 2023. Thereafter the directors have discretion for interest to be charged at 1/2% over the Bank of England base rate.
£
Balance at 01 May 2024 181,301
Balance at 30 April 2025 162,070
Name of the related party: Mr. J. Wiles
Relationship:
Director
Description of the Transaction: During the period the director entered into the following advances and credits with the company in the form of a loan. The director's loan to the company has no fixed repayment date. Interest was charged at 2.54% up to 6th April 2023. Thereafter the directors have discretion for interest to be charged at 1/2% over the Bank of England base rate.
£
Balance at 01 May 2024 85,762
Balance at 30 April 2025 90,501